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Search Results 0 to 5 of about 6
CSPAN
Dec 31, 2012 3:30pm EST
, enormous spending cuts, like the ones in the fiscal cliff proposal or, at worse, the monetizing of the debt, the -- a drop in the value of the dollar, and all the harmful effects that that will have on our economy and our country. so, we come -- so, here we are december 31, not only the eve of a new year, which we hope and pray will be a great one for our country and everyone who lives in it, but a few hours away from letting our country go over the cliff. and we can't let it happen, and that's why i'm so encouraged that these bipartisan negotiations will produce -- are looking like they'll produce a bipartisan agreement which hopefully will come before the senate sometime this evening. this is not -- this will not be the comprehensive, bipartisan long-term debt agreement that we created the cliff to encourage. this will not be the bipartisan long-term debt reduction agreement that this country needs. so smuch going -- beginning to turn right in our economy. how's -- so much is going -- beginning to turn right in our economy. housing is doing so much better. unemployment is down. you s
CSPAN
Dec 30, 2012 5:15pm EST
got to do something to soften the landing because at the bottom of the fiscal cliff, our our -- are immediate and massive tax increases, deep and indiscriminate spending cuts and the risk of another recession. so as we come down on the final hours, we have two choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do something, so today i'm introducing the calm act which stands for the cliff alleviation at the last minute act. the calm act will do three important things. it will soften the financial blow of the fiscal cliff. it will calm our financial markets. it gives us the certainty of a plan now but allows us if we ever find the courage to pursue the fiscal grand bargain that has eluded us so far. make no mistake, the financial markets are watching us, and they're getting more nervous by
CSPAN
Dec 28, 2012 12:00pm EST
on in the congress and the potential fiscal cliff that we are facing and the elimination of the tax cuts that are among us. like me a lot of the small business owners that i talked with no four are in favor of keeping the tax cuts in place especially for the middle class who believe in a balanced approach and we think okay to allow the elimination to tax cuts for the wealthy. for the small business taxes increase i can see the taxes in the business are affected that we will have less to pay for investments and invest in the new equipment to hire new people. but my income tax rates will go up. it's already constrained environment and i'm having a difficult time. customers tax rates are going to go up and that will create less demand for the product and less revenue for me and that creates less tax revenue for the government. so i would urge congress to vote for keeping the tax cuts in place especially for the middle class approaching the fiscal crisis when it comes to the taxes to go ahead and eliminate those tax benefits for the wealthiest individuals. i think if we all get it we try to consi
CSPAN
Dec 28, 2012 6:00am EST
-of called fiscal cliff. before the senate adjourned yesterday, majority leader harry reid and minority leader mitch mcconnell debated the fiscal cliff and talked about negotiations surrounding the tax hikes and automatic spending cuts scheduled to take effect in a few days. this is about 5 minutes -- 15 minutes. >> madam president, you'll excuse me if i'm a little frustrated at the situation we find ourselves in, but last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something we could do to avoid the fiscal cliff. i say i'm a little frustrated, because we've been asking the president and the democrats to work with us on a bipartisan agreement for months, literallye for months. a plan that would simplify theod tax code, shrink the deficit, protect the taxpayers and grow the economy. but democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. reelected. and congressional democrats sat on theirel hands. now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. w but we had no takers. but the phone never rang, and so now here we are five days from the new year,
CSPAN
Dec 27, 2012 12:00pm EST
increases known as the fiscal cliff must be fixed within the next five days. thank you, brian, for accepting this challenge. i'm here to help you in any way i can. while there are other talented leaders in hawaii who stepped forward and who would also have been excellent appointees, i know that my colleagues will join me in supporting senator bryan schatz for the good of hawaii. throughout my 36-year career in congress, the hawaii delegation has always been unified. we have always put hawaii first before our individual ambition. we must continue that. hawaii comes first. i have followed brian schatz's career for many years. he was an active member of the hawaii statehouse of representatives for eight years before becoming c.e.o. of helping hands hawaii, a nonprofit organization that provides human services in the islands. as lieutenant governor, he has been a big part of the community. he has been an outspoken supporter of our troops and veterans and defender of our environment. senator schatz will be a strong, progressive voice for hawaii in the united states senate. he will repre
CSPAN
Dec 31, 2012 12:00pm EST
programs. you'll notice, if you look carefully at whatever this fiscal cliff deal is, that there won't be spending cuts but there will be spending proposals. so we're going to try to tax rich people more and get more money. it may not work because often you raise rates and get less revenue. we're going to try that. but we're going to take the intervene we get from rich people and we're going to spend it on programs, what we've been doing here. we're not going to fix the problem. we're going to perpetuate the problem. i would argue for we should be doing the oppose. we the -- doing the opposite. the republican party should have no part on this. we should have no finger prints on this and in no way support anything that raises taxes because it's bad economic policy. i for one will not support any proposal that comes out that does not cut spending and raises taxes. thank you, mr. president. i yield back my time and suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: the presiding officer: the senator from massachusetts. mr. kerry: i ask further proce
Search Results 0 to 5 of about 6